Questrade Inc. - Questrade launches Tax-Free Savings Accounts, with acceptance to abounding online trading services

Questrade launches Tax-Free Savings Accounts, with acceptance to abounding online trading servicesStore this angel in big sizeToronto, ON (January 2, 2009) – Questrade Inc. today alien Tax-Free Savings Accounts (TFSA) with complete online trading privileges. Questrade audience can barter in a TFSA just as they would in added registered accounts, including stocks, options, gold, and alternate funds. Stock barter commissions are 1¢ per allotment (minimum $4.95 / best $9.95), and barter settlements are accessible in USD or CAD.

Edward Kholodenko, President and CEO of Questrade said: “The Tax-Free Savings Account is an important new apparatus for our clients. Income such as assets and basic assets are absolved from taxes, so adeptness investors will be able to body up their disinterestedness at a faster amount than in approved trading accounts.”

There are no anniversary fees on the Questrade TFSA, and no cessation fees. The minimum to accessible an anniversary is CAD $1000, and acceptable investments can be transferred in-kind from added brokerages to Questrade. The anniversary addition absolute for the aboriginal year is CAD $5000. However, assets generated in the anniversary is not advised allotment of the contribution.

Continues Kholodenko: “The Questrade TFSA will be decidedly adorable for breath investors because of our autonomous appraisement structure. Many added brokerages appoint six amount thresholds on anniversary balances afore their audience are acceptable for cheaper barter commissions. Not at Questrade. I accept anybody should get the same, affordable trades. So from day one, even with an anniversary antithesis of $1000, our audience will be able to barter actively – and affordably.”

The TFSA is one of 15 altered anniversary types accessible at Questrade, and is allotment of the firm’s advancing charge to accouterment innovative, affordable allowance casework to Canadians. In January, 2008, Questrade formed out USD in RSP, the aboriginal and alone registered anniversary that allows investors to barter online with USD. In January 2007, the close alien gold banknote trading in margin, banknote and registered accounts, with gold stored at the Royal Canadian Mint.

Questrade Inc. is a affiliate close of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF). The CIPF provides advantage to Questrade audience for up to CAD $1 actor per account.

Questrade Inc., headquartered in Toronto, provides Canadians with high-speed, absolute acceptance trading in the U.S. and Canadian banal and options markets as able-bodied as forex trading. Since its birth in 1999, the aggregation has developed and diversified, and is currently ranked as Canada’s fastest-growing online brokerage. The aggregation continues to authenticate its aggressive administration with a aggregate of outstanding service, beat technology and aggressive appraisement structures.

For added information, amuse contact:
Lynn Suderman
Manager, Communications
lsuderman@questrade.com
Tel: 416.227.9876 x371
Tel: 1.888.783.7866 x371
www.Questrade.com